Countries are planning to produce around 110 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees Celsius, according to a new report.
This comes despite 151 countries having pledged to achieve net-zero emissions and the latest forecasts that suggest global coal, oil and gas demand will peak this decade, even without new policies.
The Production Gap Report 2023 tracks the discrepancy between governments’ planned fossil fuel production and global production levels consistent with limiting warming to 1.5 degrees Celsius or 2 degrees Celsius.
